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Side-by-side financial comparison of New Fortress Energy Inc. (NFE) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.
Bristow Group Inc. is the larger business by last-quarter revenue ($377.3M vs $326.2M, roughly 1.2× New Fortress Energy Inc.). Bristow Group Inc. runs the higher net margin — 4.9% vs -259.7%, a 264.5% gap on every dollar of revenue. On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs -7.0%). Bristow Group Inc. produced more free cash flow last quarter ($47.8M vs $-134.8M). Over the past eight quarters, Bristow Group Inc.'s revenue compounded faster (5.8% CAGR vs -26.8%).
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
Bristow Helicopters Limited is a British civil helicopter operator originally based at Aberdeen Airport, Scotland, which is currently a part of the U.S.-based Bristow Group which in turn has its corporate headquarters in Houston, Texas, U.S. In 2020, Bristow Group was merged with Era Helicopters, a large U.S.-based commercial helicopter operator that was previously a division of Era Aviation, with the two companies then continuing to use the Bristow name.
NFE vs VTOL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $326.2M | $377.3M |
| Net Profit | $-847.1M | $18.4M |
| Gross Margin | 35.5% | — |
| Operating Margin | -193.0% | 8.5% |
| Net Margin | -259.7% | 4.9% |
| Revenue YoY | -7.0% | 6.7% |
| Net Profit YoY | -277.4% | -42.1% |
| EPS (diluted) | $-3.03 | $0.61 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $326.2M | $377.3M | ||
| Q3 25 | $240.3M | $386.3M | ||
| Q2 25 | $228.1M | $376.4M | ||
| Q1 25 | $384.9M | $350.5M | ||
| Q4 24 | $350.7M | $353.5M | ||
| Q3 24 | $446.0M | $365.1M | ||
| Q2 24 | $291.2M | $359.7M | ||
| Q1 24 | $609.5M | $337.1M |
| Q4 25 | $-847.1M | $18.4M | ||
| Q3 25 | $-263.0M | $51.5M | ||
| Q2 25 | $-546.5M | $31.7M | ||
| Q1 25 | $-175.4M | $27.4M | ||
| Q4 24 | $-224.4M | $31.8M | ||
| Q3 24 | $9.3M | $28.2M | ||
| Q2 24 | $-88.9M | $28.2M | ||
| Q1 24 | $54.1M | $6.6M |
| Q4 25 | 35.5% | — | ||
| Q3 25 | 18.1% | — | ||
| Q2 25 | 8.4% | — | ||
| Q1 25 | 21.4% | — | ||
| Q4 24 | 17.6% | — | ||
| Q3 24 | 27.1% | — | ||
| Q2 24 | 23.8% | — | ||
| Q1 24 | 62.4% | — |
| Q4 25 | -193.0% | 8.5% | ||
| Q3 25 | -37.4% | 13.1% | ||
| Q2 25 | -170.3% | 11.3% | ||
| Q1 25 | -3.3% | 9.6% | ||
| Q4 24 | 65.0% | 9.0% | ||
| Q3 24 | 17.8% | 9.1% | ||
| Q2 24 | 12.3% | 12.4% | ||
| Q1 24 | 30.4% | 6.8% |
| Q4 25 | -259.7% | 4.9% | ||
| Q3 25 | -109.4% | 13.3% | ||
| Q2 25 | -239.6% | 8.4% | ||
| Q1 25 | -45.6% | 7.8% | ||
| Q4 24 | -64.0% | 9.0% | ||
| Q3 24 | 2.1% | 7.7% | ||
| Q2 24 | -30.5% | 7.8% | ||
| Q1 24 | 8.9% | 2.0% |
| Q4 25 | $-3.03 | $0.61 | ||
| Q3 25 | $-0.96 | $1.72 | ||
| Q2 25 | $-1.99 | $1.07 | ||
| Q1 25 | $-0.65 | $0.92 | ||
| Q4 24 | $-1.10 | $1.07 | ||
| Q3 24 | $0.03 | $0.95 | ||
| Q2 24 | $-0.42 | $0.96 | ||
| Q1 24 | $0.23 | $0.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $226.5M | $286.2M |
| Total DebtLower is stronger | $8.2B | $671.5M |
| Stockholders' EquityBook value | $182.6M | $1.1B |
| Total Assets | $10.6B | $2.3B |
| Debt / EquityLower = less leverage | 44.78× | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.5M | $286.2M | ||
| Q3 25 | $145.2M | $245.5M | ||
| Q2 25 | $551.1M | $251.8M | ||
| Q1 25 | $447.9M | $191.1M | ||
| Q4 24 | $492.9M | $247.5M | ||
| Q3 24 | $90.8M | $200.3M | ||
| Q2 24 | $133.0M | $178.6M | ||
| Q1 24 | $143.5M | $140.6M |
| Q4 25 | $8.2B | $671.5M | ||
| Q3 25 | — | $675.0M | ||
| Q2 25 | — | $705.2M | ||
| Q1 25 | — | $701.9M | ||
| Q4 24 | $8.9B | $689.8M | ||
| Q3 24 | — | $629.1M | ||
| Q2 24 | — | $594.2M | ||
| Q1 24 | — | $544.1M |
| Q4 25 | $182.6M | $1.1B | ||
| Q3 25 | $1.1B | $1.0B | ||
| Q2 25 | $1.3B | $984.4M | ||
| Q1 25 | $1.8B | $931.7M | ||
| Q4 24 | $1.9B | $891.7M | ||
| Q3 24 | $1.6B | $899.2M | ||
| Q2 24 | $1.6B | $849.1M | ||
| Q1 24 | $1.7B | $820.7M |
| Q4 25 | $10.6B | $2.3B | ||
| Q3 25 | $12.0B | $2.3B | ||
| Q2 25 | $12.0B | $2.3B | ||
| Q1 25 | $13.1B | $2.2B | ||
| Q4 24 | $12.9B | $2.1B | ||
| Q3 24 | $12.0B | $2.1B | ||
| Q2 24 | $11.4B | $2.0B | ||
| Q1 24 | $10.9B | $1.9B |
| Q4 25 | 44.78× | 0.63× | ||
| Q3 25 | — | 0.65× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | 4.74× | 0.77× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.66× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-76.2M | $76.9M |
| Free Cash FlowOCF − Capex | $-134.8M | $47.8M |
| FCF MarginFCF / Revenue | -41.3% | 12.7% |
| Capex IntensityCapex / Revenue | 18.0% | 7.7% |
| Cash ConversionOCF / Net Profit | — | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4B | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-76.2M | $76.9M | ||
| Q3 25 | $-171.0M | $23.1M | ||
| Q2 25 | $-329.0M | $99.0M | ||
| Q1 25 | $-7.2M | $-603.0K | ||
| Q4 24 | $445.3M | $51.1M | ||
| Q3 24 | $-20.0M | $66.0M | ||
| Q2 24 | $113.9M | $33.7M | ||
| Q1 24 | $63.0M | $26.7M |
| Q4 25 | $-134.8M | $47.8M | ||
| Q3 25 | $-231.6M | $-6.2M | ||
| Q2 25 | $-726.7M | $67.4M | ||
| Q1 25 | $-262.3M | $-52.7M | ||
| Q4 24 | $-210.3M | $-32.4M | ||
| Q3 24 | $-367.0M | $9.0M | ||
| Q2 24 | $-493.2M | $-16.7M | ||
| Q1 24 | $-457.9M | $-37.9M |
| Q4 25 | -41.3% | 12.7% | ||
| Q3 25 | -96.4% | -1.6% | ||
| Q2 25 | -318.6% | 17.9% | ||
| Q1 25 | -68.2% | -15.0% | ||
| Q4 24 | -60.0% | -9.2% | ||
| Q3 24 | -82.3% | 2.5% | ||
| Q2 24 | -169.3% | -4.6% | ||
| Q1 24 | -75.1% | -11.2% |
| Q4 25 | 18.0% | 7.7% | ||
| Q3 25 | 25.2% | 7.6% | ||
| Q2 25 | 174.4% | 8.4% | ||
| Q1 25 | 66.3% | 14.9% | ||
| Q4 24 | 187.0% | 23.6% | ||
| Q3 24 | 77.8% | 15.6% | ||
| Q2 24 | 208.4% | 14.0% | ||
| Q1 24 | 85.5% | 19.2% |
| Q4 25 | — | 4.17× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 3.12× | ||
| Q1 25 | — | -0.02× | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | -2.15× | 2.34× | ||
| Q2 24 | — | 1.20× | ||
| Q1 24 | 1.16× | 4.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NFE
Segment breakdown not available.
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
